#SPXcampaign Bought to close $SPX Aug 31st 2140/2115 put spreads for .20. Sold for 2.45 on Aug 12th.
Daily Archives: Monday, August 29, 2016
SVXY
Finally, BTC September 36 puts @.05, sold @1.60
#earnings Trade ANF Fat finger…
#earnings Trade ANF
Fat finger earnings trade, I was toying with different ideas on Dough and inadvertently hit send on a BePS, Sept 16, 23/20 for 1.11.
SOME TRADES:
$UVXY BTC 9/2/16 29.0 CALLS @.05
$UVXY BTC 9/2/16 30.0 CALLS @.05
$UVXY BTC 9/2/16 20.0 CALLS @.85 Rolled out last Friday @1.73
$UVXY STO 9/9/16 23.0 CALLS @.86 If this expires, great, if not, I’ll roll it out. Easy.
BMY
STO 2 December 55 puts @1.63 following Iceman, thanks for the idea.Boring market but wait until Friday.
$BMY #ShortPuts – Sold 1…
$BMY #ShortPuts – Sold 1 BMY Dec 16 2016 55 Put at 1.77.
My only trade today.
#BoringMarket
$SVXY
Sold Sept 16th 75 Call @ 2.50 when SVXY was at 72.79. This replaces the Aug 26th 67 call I bought back last Friday .
UVXY
Earlier today:
BTC 1 UVXY Sep16’16 56 CALL @ 0.10 (sold for 0.74 awhile back)
STO 1 UVXY Sep30’16 30.5 CALL @ 1.45
I own the stock so this is covered.
OMM…I’m moving on
With mixed emotions I’ll be letting my OMM subscription expire in October. Been there since the beginning but not really getting much value out of it anymore. Dan’s trades don’t really fit my style and I was real good at only taking the losers…LOL. I’ll be taking my educational dollars elsewhere simply for a fresh look at option selling.
I’ve watched this guy for awhile and have done a couple trials over the years. He was running an awesome special last week so I signed on for a year. He’s a little more aggressive so I’ll be treading lightly until I get a feel but you can’t argue with his performance. Various portfolios up 50-75 percent YTD. If you see me posting an odd looking trade (for me) you can probably guess where it came from…LOL
SVXY
BTC September 34 puts @.05
BTC September 35 puts @.05
NUGT…still reducing size
Using weekly call premium to buy back some DITM puts. By using weekly call sales to buy these back in I’m able to preserve all the premium received over the last few weeks on the put sales and rolls. Would love to see this thing grind around in this area for a month or so.
Bought to Close NUGT SEP 16 2016 28.0 Put @ 7.00
Bought to Close NUGT SEP 16 2016 31.0 Put @ 9.80
$SVXY
Set up a one week Buy Write on $SVXY since lower strike Puts are not enticing. Bought stock at 72.44 and sold the Sept 2nd 73 Call at 1.45. I expect to be assigned, but if not I’ll sell the next week’s Call next Monday. Yield is 2.7% if assigned. This is a five day trade. My stop is about 8% lower on the stock around 66. If SVXY pulls back to this level I’ll close it out. At that point Put selling on a monthly time frame at more favorable strikes will be available. I will rinse and repeat this until the market changes. Comments and critiques welcomed.
SVXY
Taking more risk off the table and freeing up more margin. Fidelity now makes me put up 100% cash on these.
BTC September 16, 33 puts @0.05, sold @1.80
BTC September 2, 58 puts @0.10, sold @2.80
Closing winners at %60 AAPL…
Closing winners at 60%
AAPL Sept 16 110/115 call spread
MLM Sept 16 200/210 call spread
Sold Sept 30 2250/2275 call spread for 1.00
$NUGT STO Sept 02 $22…
$NUGT STO Sept 02 $22 for $1.30 and $22.6 for $1.10. If price continues much higher I will want to buy offsetting shares, with a trailing stop in case of reversal.
#SPXcampaign STO -SPX 7 OCT…
#SPXcampaign STO -SPX 7 OCT 16 2250/2275 CALL @1.55
$NUGT STO Sept 02 $21…
$NUGT STO Sept 02 $21 call for $1.75 earlier this morning. Trying to add $22 and $22.6 for additional premium. I have a long $36 call that I can sell a number of closer priced calls against. I plan to sell a small percentage today, then add various strikes each day until EOD Thursday when I expect to have a full (covered) position.
More SPX calls sold
#SPXcampaign Sold to Open $SPX Sept 15th 2215/2240 call spreads for 2.40, with SPX at 2178. This is the second part of my ITM roll from Friday; I needed an extra 1.60 to make up for the debit that the roll required to move up a strike. I usually fill that gap with puts, but since we are up today and call spreads have been working brilliantly, I replaced the call spread that closed early this morning with this roll.
SPX calls sold
#SPXcampaign Sold to Open $SPX Sept 30th 2245/2270 call spreads for 1.35, with SPX at 2177.
Perfect time to be selling call spreads. I had the same spread close this morning for .20 with 18 days to expiration, then able to sell one two weeks further out a couple hours later with only a small move in the underlying.
$SPX iron condor
STO SPX Oct 7 2260/2250/2010/2000 IC for 1.40.
Deltas of 1 on both legs. Trying to get back to disciplined trades.
Buying options uniformly lose me money, so selling is the way to go, even in low volatility.
If anyone here sees me buying a spread or other options, call me out and make me answer why. Thanks!
SVXY
BTC September 16, 31 puts @.05, sold @1.50
SVXY
BTC September 16, 30 puts @.05 sold @1.30 not much more to make on these and does free up capital.
Good morning
This market will probably be boring until the employment numbers on Friday.I will watch the first 30 minutes and then go to the gym.
SPX calls closed
#SPXcampaign In pre-market, Bought to close $SPX Sept 15th 2245/2270 call spreads for .20. Sold for 1.65 on Aug 15th.
Options Bistro 